Kosmos Energy (NYSE:KOS) Trading Down 8.6% - What's Next?

Key Points

• Kosmos Energy's stock price fell 8.6%, closing at $1.97 after trading as low as $1.97, and experience a significant decline in trading volume.
• Goldman Sachs lowered their target price from $3.50 to $3.00, maintaining a "buy" rating, while other analysts have issued mixed ratings, resulting in an average rating of "Hold" with a target price of $4.93.
• Kosmos Energy reported a loss of ($0.22) EPS for the last quarter, missing estimates, with revenue of $290.43 million, falling short of analyst predictions of $338.23 million.

Kosmos Energy Ltd. (NYSE:KOS - Get Free Report)'s stock price was down 8.6% during mid-day trading on Friday . The company traded as low as $1.97 and last traded at $1.97. Approximately 3,673,514 shares changed hands during trading, a decline of 64% from the average daily volume of 10,169,681 shares. The stock had previously closed at $2.15.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KOS shares. Benchmark restated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Mizuho lowered their target price on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group lowered their target price on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $4.93.

Kosmos Energy Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $862.81 million, a price-to-earnings ratio of -60.15 and a beta of 1.49. The company's 50-day simple moving average is $2.01 and its 200 day simple moving average is $2.21.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $393.52 million during the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the sale, the director owned 29,921 shares of the company's stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kosmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOS. Foster Group Inc. acquired a new position in shares of Kosmos Energy during the 2nd quarter worth about $26,000. Verum Partners LLC bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at about $29,000. Vident Advisory LLC bought a new stake in shares of Kosmos Energy in the 1st quarter valued at about $30,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Kosmos Energy in the 2nd quarter valued at about $30,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Kosmos Energy by 53.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,103 shares of the oil and gas producer's stock valued at $41,000 after purchasing an additional 8,371 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.